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Home > QFINANCE Dictionary > Definition of tangible asset

Definition of

tangible asset

Accounting

firm's material resource an asset that has a physical presence, for example, buildings, cash, and stock. Leases and securities, although not physical in themselves, are classed as tangible assets because the underlying assets are physical.

Related definitions of "tangible asset"

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Definitions of ’tangible asset’ and meaning of ’tangible asset’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tangible asset’ and other financial terms with our online QFINANCE Financial Dictionary.

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